Common use of Depositary Receipts Clause in Contracts

Depositary Receipts. Upon receipt of proper instructions, to instruct a subcustodian appointed pursuant to Section 3 hereof (a "Subcustodian") or an agent of the Custodian appoint pursuant to Section 5E hereof (an "Agent") to surrender securities to the depositary used by an issuer of American Depositary Receipts or International Depositary Receipts (hereinafter collectively referred to as "ADRs") for such securities against a written receipt therefor adequately describing such securities and written evidence satisfactory to the Subcustodian or Agent that the depositary has acknowledged receipt of instructions to issue with respect to such securities ADRs in the name of the Custodian, or a nominee of the Custodian, for delivery to the Custodian in Boston, Massachusetts, or at such other place as the Custodian may from time to time designate. Upon receipt of proper instructions, to surrender ADRs to the issuer thereof against a written receipt therefor adequately describing the ADRs surrendered and written evidence satisfactory to the Custodian that the issuer of the ADRs has acknowledged receipt of instructions to cause its depositary to deliver the securities underlying such ADRs to a Subcustodian or an Agent.

Appears in 1 contract

Samples: Custodian Agreement (Mercury Asset Management v I Funds Inc)

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Depositary Receipts. Upon receipt of proper instructionsProper Instructions, to the Custodian shall instruct a subcustodian Subcustodian appointed pursuant to Section 3 Article V hereof (a "Subcustodian") or an agent of the Custodian appoint pursuant to Section 5E hereof (an "Agent") to surrender securities to the depositary used by that holds securities of an issuer of American Depositary Receipts or International Depositary Receipts (hereinafter collectively referred to as "ADRs") that are represented by DRs for such securities against a written receipt therefor adequately describing such securities and written evidence satisfactory to the Subcustodian or Agent that the depositary has acknowledged receipt of instructions to issue DRs with respect to such securities ADRs in the name of the Custodian, or a nominee of the Custodian, for delivery to the Custodian in Boston, Massachusetts[Location of Custodian], or at such other place as the Custodian may from time to time designate. Upon receipt of proper instructions, to Proper Instructions. the Custodian shall surrender ADRs DRs to the issuer thereof against a written receipt therefor adequately describing the ADRs DRs surrendered and written evidence satisfactory to the Custodian that the issuer of the ADRs DRs has acknowledged receipt of instructions to cause its depositary to deliver the securities underlying such ADRs DRs to a Subcustodian or an AgentSubcustodian.

Appears in 1 contract

Samples: Agreement (BlackRock Health Sciences Trust)

Depositary Receipts. Upon receipt of proper instructionsProper Instructions, to instruct a subcustodian appointed pursuant to Section 3 hereof (a "Subcustodian") or an agent of the Custodian appoint pursuant to Section 5E hereof (an "Agent") to shall surrender securities to the depositary used for such securities by an issuer of American Depositary Receipts or International Depositary Receipts (hereinafter collectively referred to to, collectively, as "ADRs") for such securities ), against a written receipt therefor adequately describing such securities and written evidence satisfactory to the Subcustodian or Agent Custodian that the depositary has acknowledged receipt of instructions to issue ADRs with respect to such securities ADRs in the name of the Custodian, Custodian or a nominee of the Custodian, for delivery to the Custodian in Boston, Massachusetts, or at such other place as the Custodian may from time to time designate. Upon receipt of proper instructionsProper Instructions, to the Custodian shall surrender ADRs to the issuer thereof thereof, against a written receipt therefor adequately describing the ADRs surrendered and written evidence satisfactory to the Custodian that the issuer of the ADRs has acknowledged receipt of instructions to cause its depositary to deliver the securities underlying such ADRs to a Subcustodian or an Agentthe Custodian.

Appears in 1 contract

Samples: Custodian Agreement (Pilot Funds)

Depositary Receipts. Upon receipt of proper instructions, to instruct a subcustodian appointed pursuant to Section 3 hereof (a "Subcustodian") or an agent of the Custodian appoint appointed pursuant to Section 5E 6E hereof (an "Agent") to surrender securities to the depositary used by an issuer of American Depositary Receipts or International Depositary Receipts (hereinafter collectively referred to as "ADRs") for such securities against a written receipt therefor adequately describing such securities and written evidence satisfactory to the Subcustodian or Agent that the depositary has acknowledged receipt of instructions to issue with respect to such securities ADRs in the name of the Custodian, or a nominee of the Custodian, for delivery to the Custodian in Boston, Massachusetts, or at such other place as the Custodian may from time to time designate. Upon receipt of proper instructions, to surrender upon receipt ADRs to the issuer thereof against a written receipt therefor adequately describing the ADRs surrendered and written evidence satisfactory to the Custodian that the issuer of the ADRs has acknowledged receipt of instructions to cause its depositary to deliver the securities underlying such ADRs to a Subcustodian or an Agent.

Appears in 1 contract

Samples: Agreement (Merrill Lynch Consults International Portfolio)

Depositary Receipts. Upon receipt of proper instructionsProper Instructions, to instruct a subcustodian appointed pursuant to Section 3 hereof (a "Subcustodian") or an agent of the Custodian appoint pursuant to Section 5E hereof (an "Agent") to shall surrender securities to the depositary used for such securities by an issuer of American Depositary Receipts or International Depositary Receipts (hereinafter collectively referred to as "ADRs") for such securities ), against a written receipt therefor adequately describing such securities and written evidence satisfactory to the Subcustodian or Agent Custodian that the depositary has acknowledged receipt of instructions to issue ADRs with respect to such securities ADRs in the name of the Custodian, Custodian or a nominee of the Custodian, for delivery to the Custodian in Boston, Massachusetts, or at such other place as the Custodian may from time to time designate. Upon receipt of proper instructionsProper Instructions, to the Custodian shall surrender ADRs to the issuer thereof thereof, against a written receipt therefor adequately describing the ADRs surrendered and written evidence satisfactory to the Custodian that the issuer of the ADRs has acknowledged receipt of instructions to cause its depositary depository to deliver the securities underlying such ADRs to a Subcustodian or an Agentthe Custodian.

Appears in 1 contract

Samples: Custody Agreement (Assetmark Funds)

Depositary Receipts. Upon receipt of proper ------------------- instructions, to instruct a subcustodian appointed pursuant to Section 3 hereof (a "Subcustodian") or an agent of the Custodian appoint appointed pursuant to Section 5E 6E hereof (an "Agent") to surrender securities to the depositary used by an issuer of American Depositary Receipts or International Depositary Receipts (hereinafter collectively referred to as "ADRs") for such securities against a written receipt therefor adequately describing such securities and written evidence satisfactory to the Subcustodian or Agent that the depositary has acknowledged receipt of instructions to issue with respect to such securities ADRs in the name of the Custodian, or a nominee of the Custodian, for ror delivery to the Custodian in Boston, Massachusetts, or at such other place as the Custodian may from time to time designate. Upon receipt of proper instructions, to surrender ADRs to the issuer thereof against a written receipt therefor adequately describing the ADRs surrendered and written evidence satisfactory to the Custodian that the issuer of the ADRs has acknowledged receipt of instructions to cause its depositary to deliver the securities underlying such ADRs to a Subcustodian or an Agent.

Appears in 1 contract

Samples: Custodian Agreement (Merrill Lynch Global Allocation Fund Inc)

Depositary Receipts. Upon receipt of proper instructionsProper Instructions, to instruct a subcustodian appointed pursuant to Section 3 hereof (a "Subcustodian") or an agent of the Custodian appoint pursuant to Section 5E hereof (an "Agent") to shall surrender securities to the depositary used for such securities by an issuer of American Depositary Receipts or International Depositary Receipts (hereinafter referred to, collectively referred to , as "ADRs") for such securities ”), against a written receipt therefor adequately describing such securities and written evidence satisfactory to the Subcustodian or Agent Custodian that the depositary has acknowledged receipt of instructions to issue ADRs with respect to such securities ADRs in the name of the Custodian, Custodian or a nominee of the Custodian, for delivery to the Custodian in Boston, Massachusetts, or at such other place as the Custodian may from time to time designate. Upon receipt of proper instructionsProper Instructions, to the Custodian shall surrender ADRs to the issuer thereof thereof, against a written receipt therefor adequately describing the ADRs surrendered and written evidence satisfactory to the Custodian that the issuer of the ADRs has acknowledged receipt of instructions to cause its depositary depository to deliver the securities underlying such ADRs to a Subcustodian or an Agentthe Custodian.

Appears in 1 contract

Samples: Custodian Agreement (Ivy Funds Inc)

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Depositary Receipts. Upon receipt of proper instructionsProper Instructions, to instruct a subcustodian appointed pursuant to Section 3 hereof (a "Subcustodian") or an agent of the Custodian appoint pursuant to Section 5E hereof (an "Agent") to shall surrender securities to the depositary used for such securities by an issuer of American Depositary Receipts or International Global Depositary Receipts (hereinafter collectively referred to to, collectively, as "ADRs") for such securities ), against a written receipt therefor adequately describing such securities and written evidence satisfactory to the Subcustodian or Agent Custodian that the depositary has acknowledged receipt of instructions to issue ADRs with respect to such securities ADRs in the name of the Custodian, Custodian or a nominee of the Custodian, for delivery to the Custodian in Boston, Massachusetts, or at such other place as the Custodian may from time to time designate. Upon receipt of proper instructionsProper Instructions, to the Custodian shall surrender ADRs to the issuer thereof thereof, against a written receipt therefor adequately describing the ADRs surrendered and written evidence satisfactory to the Custodian that the issuer of the ADRs has acknowledged receipt of instructions to cause its depositary depository to deliver the securities underlying such ADRs to a Subcustodian or an Agentthe Custodian.

Appears in 1 contract

Samples: Custodian Agreement (Fidelity Advisor Korea Fund Inc)

Depositary Receipts. Upon receipt of proper instructionsProper Instructions, to the Custodian shall instruct a subcustodian Subcustodian appointed pursuant to Section 3 Article V hereof (a "Subcustodian") or an agent of the Custodian appoint pursuant to Section 5E hereof (an "Agent") to surrender securities to the depositary used by that holds securities of an issuer of American Depositary Receipts or International Depositary Receipts (hereinafter collectively referred to as "ADRs") that are represented by DRs for such securities against a written receipt therefor adequately describing such securities and written evidence satisfactory to the Subcustodian or Agent that the depositary has acknowledged receipt of instructions to issue DRs with respect to such securities ADRs in the name of the Custodian, or a nominee of the Custodian, for delivery to the Custodian in Boston, Massachusetts, or at such other place as the Custodian may from time to time designate. Upon receipt of proper instructionsProper Instructions, to the Custodian shall surrender ADRs DRs to the issuer thereof against a written receipt therefor therefore adequately describing the ADRs DRs surrendered and written evidence satisfactory to the Custodian that the issuer of the ADRs DRs has acknowledged receipt of instructions to cause its depositary to deliver the securities underlying such ADRs DRs to a Subcustodian or an AgentSubcustodian. Section 3.06.

Appears in 1 contract

Samples: Custodian Agreement (Gmam Absolute Return Strategies Fund LLC)

Depositary Receipts. Upon receipt of proper instructionsProper Instructions, to the Custodian shall instruct a subcustodian Subcustodian appointed pursuant to Section 3 Article V hereof (a "Subcustodian") or an agent of the Custodian appoint pursuant to Section 5E hereof (an "Agent") to surrender securities to the depositary used by that holds securities of an issuer of American Depositary Receipts or International Depositary Receipts (hereinafter collectively referred to as "ADRs") that are represented by DRs for such securities against a written receipt therefor adequately describing such securities and written evidence satisfactory to the Subcustodian or Agent that the depositary has acknowledged receipt of instructions to issue DRs with respect to such securities ADRs in the name of the Custodian, or a nominee of the Custodian, for delivery to the Custodian in Boston, Massachusetts, or at such other place as the Custodian may from time to time designate. Upon receipt of proper instructionsProper Instructions, to the Custodian shall surrender ADRs DRs to the issuer thereof against a written receipt therefor adequately describing the ADRs DRs surrendered and written evidence satisfactory to the Custodian that the issuer of the ADRs DRs has acknowledged receipt of instructions to cause its depositary to deliver the securities underlying such ADRs DRs to a Subcustodian or an AgentSubcustodian.

Appears in 1 contract

Samples: Agreement (Gmam Absolute Return Strategies Fund LLC)

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